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Business Segments And Foreign Operations
12 Months Ended
Aug. 31, 2018
Business Segments And Foreign Operations [Abstract]  
Business Segments And Foreign Operations



Note 15.  Business Segments and Foreign Operations



The Company evaluates the performance of its segments and allocates resources to them based on sales and operating income. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the operating segments and are reported separate from the Company’s identified segments. The corporate overhead costs include expenses for the Company’s accounting and finance, information technology, human resources, research and development, quality control and executive management functions, as well as all direct costs associated with public company compliance matters including legal, audit and other professional services costs. Also included in corporate overhead costs for fiscal year 2018 are corporate funded advertising and sales promotion expenses focused on increasing the Company’s digital presence and building brand awareness.







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Unallocated

 

 

 



Americas

 

EMEA

 

Asia-Pacific

 

Corporate (1)

 

Total

Fiscal Year Ended August 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

192,878 

 

$

150,878 

 

$

64,762 

 

$

 -

 

$

408,518 

Income from operations

$

48,954 

 

$

36,241 

 

$

19,098 

 

$

(25,689)

 

$

78,604 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

4,142 

 

$

2,561 

 

$

313 

 

$

784 

 

$

7,800 

Interest income

$

13 

 

$

320 

 

$

121 

 

$

 -

 

$

454 

Interest expense

$

4,209 

 

$

 -

 

$

10 

 

$

 -

 

$

4,219 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

184,929 

 

$

136,771 

 

$

58,806 

 

$

 -

 

$

380,506 

Income from operations

$

48,303 

 

$

35,389 

 

$

16,765 

 

$

(24,548)

 

$

75,909 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

4,270 

 

$

2,090 

 

$

254 

 

$

155 

 

$

6,769 

Interest income

$

 

$

389 

 

$

111 

 

$

 -

 

$

508 

Interest expense

$

2,570 

 

$

 -

 

$

12 

 

$

 -

 

$

2,582 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

191,397 

 

$

135,235 

 

$

54,038 

 

$

 -

 

$

380,670 

Income from operations

$

48,404 

 

$

31,702 

 

$

15,162 

 

$

(23,920)

 

$

71,348 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

4,071 

 

$

2,084 

 

$

280 

 

$

30 

 

$

6,465 

Interest income

$

 

$

485 

 

$

193 

 

$

 -

 

$

683 

Interest expense

$

1,689 

 

$

 -

 

$

14 

 

$

 -

 

$

1,703 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the operating segments. These expenses are reported separate from the Company’s identified segments and are included in Selling, General and Administrative expenses on the Company’s consolidated statements of operations.



The Company’s Chief Operating Decision Maker does not review assets by segment as part of the financial information provided and therefore, no asset information is provided in the above table.



Net sales by product group are as follows (in thousands):



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Fiscal Year Ended August 31,



2018

 

2017

 

2016

Maintenance products

$

372,391 

 

$

342,295 

 

$

339,974 

Homecare and cleaning products

 

36,127 

 

 

38,211 

 

 

40,696 

Total

$

408,518 

 

$

380,506 

 

$

380,670 



 

 

 

 

 

 

 

 



Net sales and long-lived assets by geographic area are as follows (in thousands):





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Fiscal Year Ended August 31,



2018

 

2017

 

2016

Net Sales by Geography:

 

 

 

 

 

 

 

 

United States

$

154,986 

 

$

150,086 

 

$

158,139 

International

 

253,532 

 

 

230,420 

 

 

222,531 

Total

$

408,518 

 

$

380,506 

 

$

380,670 



 

 

 

 

 

 

 

 

Long-lived Assets by Geography (2) :

 

 

 

 

 

 

 

 

United States

$

21,986 

 

$

23,346 

 

$

6,419 

International

 

14,371 

 

 

6,093 

 

 

5,126 

Total

$

36,357 

 

$

29,439 

 

$

11,545 



 

 

 

 

 

 

 

 

(2) Includes tangible assets and property and equipment, net, attributed to the geographic location in which such assets are located.